State of Hawaii Investor Presentation
Lahaina Wildfire: Recent Developments
The Known Costs of the Maui Wildfires on the State's Economy and Finances are Manageable
STATE
OF
HAWAII
The State's main objectives and priorities:
During the initial response, provided for the well-being of
and financial support for those affected
Support and work with Maui County and its residents to
develop and implement a restoration plan
Maximize Federal and private resources for recovery
Tourism metrics on Maui temporarily declined but have
already started to see a recovery
West Maui has fully re-opened as of November 1
Impacted employment represents less than 0.2% of
statewide totals
According to UHERO's current forecast, the wildfire is
estimated to contribute to a 0.5% decline in GDP for CY
2023 and 2024, but influx of federal and private resources
should support a 0.5% increase in GDP in CY 2025-2028
The State anticipates reimbursement by FEMA for most
near term costs, however, it will be responsible for a share
of certain costs, such as those related to debris clean up
and non-congregate housing, among other costs
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Overview of Impacted Area
ThiEully operas funtil
Noverbbe8122023
West Maui:
11,936*
Kapalua
Kahului/Wailuku:
617*
WEST MAUI Napili
Kapalua
Airport
NORTH SHORE
MAUI
Ka'anapali
Kahului
Airport
Wailuku
Kahului
Pā'ia
Makawao
EAST MAUI
CENTRAL
MAUI
Ma'alaea:
322*
Kula
UPCOUNTRY
MAUI
Kula/Makawao:
113*
Häna Airport
•Hāna
Kihei
•Haleakala National Park
Hāna:
106*
Impacted by wildfires.
Lahaina
HAWAII TOURISM
Wailea/Kihei:
8,510*
Wailea
Mākena
Number of Visitor
Accommodations*
SOUTH MAUI
% of
Region
Population
Hawaii
Hawaii
1,455,271
100.0%
81,102
Maui
Lahaina
154,100
12,702
10.6%
21,604
0.9%
487
MAU
% of Hawaii
100.0%
26.6%
0.6%
FEMA upfront support includes 100% of debris removal costs for six months, 100% of emergency protective measures (including non-congregate
housing) for three months, and 90% of all other eligible costs within the Public Assistance Program including restoration of disaster damaged facilities
The State will be responsible for no more than 10% of debris removal and emergency protective measures, after the 100% FEMA-paid period ends
The State anticipates a significant amount of external funds over the long-term to mitigate local costs, including federal funding and private
insurance
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* Indicates number of units/rooms available for visitor accommodations.View entire presentation